VR Invest: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VR Invest
Largest movements
- Stocks and contracts +€10,115
up €10,115 (+1,297%), from €780 to €10,895
- Receivables within one year +€1,365
up €1,365 (+92.4%), from €1,478 to €2,843
of which Trade receivables: +€1,938
- Tangible fixed assets -€1,285
down €1,285 (-57.3%), from €2,241 to €956
- Cash -€1,186
down €1,186 (-19.5%), from €6,075 to €4,889
mainly Stocks and contracts (-€10,115) and Net result for the year (-€6,196)
- Other debts +€14,726
up €14,726 (+23,235%), from €63 to €14,790
- Profit (loss) carried forward -€6,196
down €6,196 (-654%), from -€948 to -€7,144
- Trade debts +€479
up €479 (+32.8%), from €1,459 to €1,938
- Gross operating margin -€5,602
down €5,602, from €1,244 to -€4,359
- Financial charges -€95
down €95 (-39.6%), from €240 to €145
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,574 | €19,583 | +€9,009 | +85.2% |
| Fixed assets | 21/28 | €2,241 | €956 | -€1,285 | -57.3% |
| Tangible fixed assets | 22/27 | €2,241 | €956 | -€1,285 | -57.3% |
| Furniture and vehicles | 24 | €2,241 | €956 | -€1,285 | -57.3% |
| Current assets | 29/58 | €8,333 | €18,627 | +€10,294 | +124% |
| Stocks and contracts in progress | 3 | €780 | €10,895 | +€10,115 | +1,297% |
| Stocks | 30/36 | €780 | €10,895 | +€10,115 | +1,297% |
| Amounts receivable within one year | 40/41 | €1,478 | €2,843 | +€1,365 | +92.4% |
| Trade receivables | 40 | €644 | €2,583 | +€1,938 | +301% |
| Other amounts receivable | 41 | €834 | €261 | -€573 | -68.7% |
| Cash at bank and in hand | 54/58 | €6,075 | €4,889 | -€1,186 | -19.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €10,574 | €19,583 | +€9,009 | +85.2% |
| Equity | 10/15 | €9,052 | €2,856 | -€6,196 | -68.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€948 | -€7,144 | -€6,196 | -654% |
| Amounts payable | 17/49 | €1,522 | €16,728 | +€15,205 | +999% |
| Amounts payable within one year | 42/48 | €1,522 | €16,728 | +€15,205 | +999% |
| Trade debts | 44 | €1,459 | €1,938 | +€479 | +32.8% |
| Suppliers | 440/4 | €1,459 | €1,938 | +€479 | +32.8% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €63 | €14,790 | +€14,726 | +23,235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,285 | €1,285 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €408 | +€20 | +5.2% |
| Gross operating margin | 9900 | €1,244 | -€4,359 | -€5,602 | |
| Operating profit (loss) | 9901 | -€428 | -€6,051 | -€5,623 | -1,313% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €240 | €145 | -€95 | -39.6% |
| Recurring financial charges | 65 | €240 | €145 | -€95 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€660 | -€6,196 | -€5,537 | -839% |
| Profit (loss) for the period | 9904 | -€660 | -€6,196 | -€5,537 | -839% |
| Profit (loss) for the period to be appropriated | 9905 | -€660 | -€6,196 | -€5,537 | -839% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.